Mount Pleasant, SC - Take 5 Oil Change

$1,786,000

1169 SC Highway 41, Mount Pleasant, SC 29466

For Sale

Retail

Active

Last Updated: 02/04/2025

Details:

Cap Rate: 6.15%

NOI: $109,824

Building Size: 1,925 sqft

Offered by

Britt Raymond

SVP and Managing Principal

SRS Capital Markets

#NY License No. 10491212709

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Kyle Fant

SVP and Managing Principal

SRS Capital Markets

#NY Lic No. 10401281546

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Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, freestanding, newly built, Take 5
Oil Change investment property located in Mount Pleasant, SC. The tenant, ClayCon Hwy 41, LLC (dba Take 5 Oil Change), recently signed a brand new 15-year lease with 3 (5-year) option periods left to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. The lease is signed by an established franchisee and is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Established in 1984, Take 5 Oil Change is among the largest oil change services with over 800 operating locations.

Take 5 Oil Change is strategically located near the signalized, hard corner intersection of State Highway 41 and U.S. Highway 17, averaging a combined 78,400 vehicles passing by daily. U.S. Highway 17 is the primary thoroughfare servicing the city and provides direct access to State Highway 517 (28,100 VPD) and Interstate 526
(59,700 VPD). The property is ideally situated within a dense retail trade area with many strong nearby tenants including Walmart Supercenter, Kohl’s, Home Depot, Costco Wholesale, Lowe’s, Publix, and others. The strong tenant presence drives a steady stream of loyal, local consumers to the area, providing crossover exposure and contributing to the local economy. The property is near numerous single-family communities and multi-family complexes including Sweetgrass Landing (200 units), Sage @ 1240 (240 units), Legacy Mount Pleasant (250 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 78,600 residents and 27,900 daytime employees. Residents within 1 mile boast an affluent average household income of $176,534.